Berry Corp Q1 2024 Adj EPS $0.14 Misses $0.17 Estimate, Sales $131.111M Miss $175.533M Estimate
Portfolio Pulse from Benzinga Newsdesk
Berry Corp (NASDAQ:BRY) reported Q1 2024 earnings of $0.14 per share, missing the consensus estimate of $0.17. Quarterly sales were $131.111M, below the $175.533M estimate, marking a 48.58% decrease from the previous year.

May 01, 2024 | 11:01 am
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Berry Corp reported lower than expected Q1 2024 earnings and sales, missing estimates and showing a significant year-over-year decline.
Missing both earnings and sales estimates significantly, especially with a substantial year-over-year sales decline, typically exerts downward pressure on a company's stock price in the short term. Investors often react negatively to earnings misses and reduced revenue, which can lead to a decrease in stock price as market sentiment adjusts to the new information.
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